/biz/ - Business & Finance

>Have yet to release Proof-of-Reserve or Proof-of-Liabilities whilst all other sexchanges have done so in light of recent events
>Have done absolutely nothing to re-assure their users that they are not at risk of insolvency or investigation (zero e-mails, zero blogposts etc)
>Kevone thinks the price floor is genius and even goes so far as to claim majority of people agree with him (lol lmfao)
>Kevone claimed the price floor was to save their investors' bags and to prevent them from panic selling (even though it was set before LUNA crashed and 1 BTC was $40k)
>CEO is illiterate
>XCM was admittedly created so that the sexchange could continue operations (paying employees with xcm, market selling xcm, etc)
>60c price floor was set based on an equity funding round thus classifying xcm as a security
>CEO publicly states their token is directly correlated to the businesses evaluation, SEC look no further hehe nuffin to see here
>XCM holds zero utility and copies known DeFi scamcentives such as staking / reflection / leverage to incentivize eternal hodlers over miniscule yields
>5 hodlers have a majority of the supply, Murcko personally having between 50M - 100M xcm and they refuse to release addresses publicly as "not on their list of priorities" meanwhile dark mode is the highest priority
>Oliver one of their Board of Directors publicly stated "The minority of users have the majority of funds, so we're simply not affected" So 99% of their clients are unimportant in satisfying or reassuring. Truly an exchange for the people (if you're over 7 figures that is)
>Increase staking limit from 500,000 to 1,000,000 because your whales peer pressured them that they want more money and these desperate scammers actually fuggin did it (lawlz)
Ironic for "the most transparent CEO in crypto" who prides himself as being so much superior to all other sexchanges. Words are cheap, have fun listening to this snake oil Conmetroman who believes transparency is all about doing AMAs

>>52403336
Meanwhile @ Conmetro aka "The Peoples Sexchange"
>Have yet to release Proof-of-Reserve or Proof-of-Liabilities whilst all other sexchanges have done so in light of recent events
>Have done absolutely nothing to re-assure their userbase that they are not at risk of insolvency or investigation (zero e-mails, zero blogposts, no transparency whatsoever during this shitstorm)
>Kevone thinks the price floor was genius and even goes so far as to claim majority of people agree with him (lol lmfao)
>XCM was admittedly created so that the sexchange could continue operations (paying employees with xcm, market selling xcm, etc)
>60c price floor was set based on an equity funding round thus classifying xcm as a security
>XCM holds zero utility and copies known DeFi scamcentives such as staking / reflection / leverage etc
>5 hodlers have a majority of the supply, murcko personally having between 50M - 100M xcm and they refuse to release addresses publicly
Ironic for "the most transparent CEO in crypto" who prides himself as being so much superior to CZ. Words are cheap, have fun listening to this snake oil Conmetroman